INVESTMENT-

SCZone welcomes Chinese delegation: A Chinese business delegation from Jilin province met with Suez Canal Economic Zone (SCZone) representatives to explore investment prospects, the SCZone said yesterday. This comes a few weeks after the SCZone signed a number of initial agreements for projects worth hundreds of mns of USD with Chinese companies during a roadshow in China.

FINTECH-

Contact x Telda: Contact Financial’s consumer finance arm Contact Creditech and digital payments app Telda have teamed up to offer lending-as-a-service (LaaS) solutions that enable Telda users to apply for a credit limit from Contact, according to a joint statement (pdf).

Qardy is now available via Egypt Post: SME lending startup Qardy has signed an agreement with Egypt Post to provide its services via Egypt Post branches, according to a press release (pdf). Launched last year, Qardy’s online marketplace allows SMEs to access debt financing from financial institutions.

TRADE-

Anti-dumping duties on steel imports extended: The Trade and Industry Ministry has approved extending anti-dumping duties on reinforced steel imports from China, Turkey, and Ukraine for another four years, according to a decision published in the Official Gazette. The duties have been in effect since 2017.

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